Meridian Capital Group

BK Mixed-Use Condo Lands $33M

January 26, 2024

Meridian Capital Group has arranged $33.1 million in financing for the construction of a mixed-use condominium property in Brooklyn’s Park Slope. The financing, provided by a balance sheet lender, was secured by Morris Betesh, Eli Serebrowski, and Alex Bailkin of Meridian.  

The six-story development will feature 29 condo units and one townhome. “Despite tightening bank liquidity in the construction lending market, we were able to secure low-cost financing from a community bank to fund the development of 29 condo units, ground-floor retail, and the conversion of a historic building into a single-family townhome. Demand for condos in Park Slope has held strong through the high interest rate environment,” said Betesh. 

Featuring:
Morris Betesh
Senior Managing Director
Origination
(212)612-0105
[email protected]
Eli Serebrowski
Senior Vice President
Origination
(212)612-0288
[email protected]
Alex Bailkin
Senior Vice President
Underwriting and Loan Placement
(212)612-0194
[email protected]
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